Learn easy ways to cut back on utility costs while also going green

Importance of minimizing utility bills as a tenant

In today’s costly housing market, many renters need to maximize savings in any way possible. An area that holds significant potential for savings is utility bills. Whether renting a small condo or a large house, the amount spent on utilities can quickly add up, impacting your monthly budget. By reducing household energy use, renters can cut costs while contributing to environmental sustainability. 

Continue reading to learn simple, renter-friendly ways to minimize utility bills and tips for creating an energy-efficient home.

What qualifies as a utility bill

Utility bills typically encompass the costs associated with essential services that enable a comfortable living environment, including electricity and water. Understanding how these bills are calculated can help in finding ways to cut back.

#1: Electric

Grab your electric bill and break down each line item to determine what your bill comprises. In Florida, the total cost per kilowatt-hour is primarily a combination of a fixed base rate, a fuel charge, and clause charges. The fuel charge reflects the cost of fuel required for each kilowatt-hour used, so reviewing this charge month-to-month can help you understand trends in usage and costs. 

Tips for saving on electric bill

Here are some renter-friendly ways to cut back on your monthly electric bill:

• Adjust appliance temperature settings: Setting your refrigerator to 36°-38°F, freezer to 0°F, water heater to 120°F, and washing machine to cold helps optimize energy use. These settings ensure appliances operate efficiently without unnecessary energy consumption.
• Switch to energy-efficient LED light bulbs. LED bulbs use significantly less energy than traditional bulbs while providing the same amount of light. They also last longer, reducing the frequency of bulb replacements.
• Cook in the microwave or stovetop instead of the oven. Microwaves and stovetops are more energy-efficient than ovens for smaller cooking tasks. Microwaves, in particular, use about 70% less energy than conventional ovens, making them a cost-effective choice for heating or cooking small portions.
• Unplug devices that are not in use. Many electronic devices continue to draw power even when turned off, known as standby power or vampire power. Unplugging devices such as printers, computers, small appliances, and gaming consoles when not in use can save energy and reduce electricity bills.
• Adjust the thermostat. Setting your thermostat to the highest comfortable temperature in summer and the lowest comfortable temperature in winter helps reduce heating and cooling costs. Each degree adjusted can result in noticeable savings on energy bills.
• Use curtains or shades. Closing curtains or shades during hot days can prevent heat from entering your home, reducing the need for air conditioning. In winter, opening curtains during the day allows sunlight to naturally warm your home, reducing heating costs.

Related Resource:
What is a renters insurance policy, and should I get it?

#2: Water

Similarly to electric, your water bill can be broken down line by line, including variable and fixed charges. The fixed charge is a monthly service charge that depends on the size of your water meter. The variable charge is based on the amount of water consumed, measured in gallons. This usage is multiplied by the rate charged per unit of water, which may vary depending on the volume used.

Tips for saving on water bill

Here are some renter-friendly ways to cut back on your monthly water bill:

• Use cold water. For tasks such as laundry, washing dishes, or even showers, using cold water can help reduce your water bill while saving energy.
• Only use the washing machine with full loads. This maximizes the efficiency and reduces the amount of cycles needed.
• Turn off the water while brushing your teeth or shaving. You can save gallons of water each day by routinely turning off the tap. This simple habit significantly reduces water waste. 
• Take shorter showers. Even a few minutes of shorter shower time can lead to substantial water savings over time. 
• Use your dishwasher instead of hand washing. Modern dishwashers are built to be water-efficient, so running the dishwasher instead of hand washing saves water—and it’s easier!

Tips for minimizing utility bills as a rental property owner

For renters, cutting back on the utility bill means doing so within the features of their home. Property owners can make positive structural changes to further elevate a space into going green. Optimizing your space for energy efficiency is crucial for property owners. Showing you prioritize cost-effective living can attract clients, lower operational costs, and contribute positively to environmental sustainability.

For property owners, here are a few ways to enhance the structure of your rental to make it more energy-efficient:

• Ask for a free energy audit. Many utility companies offer free energy audits to identify areas where energy efficiency can be improved in your rental property, such as insulation, lighting, and appliances.
• Install proper insulation. Proper insulation in walls, floors, and attics helps maintain a comfortable indoor temperature year-round, reducing the need for heating and cooling and lowering energy bills.
• Install smart thermostats. Smart thermostats automatically adjust heating and cooling settings based on occupancy and preferences, optimizing energy use and enhancing tenant comfort.
• Switch to low-flow showerheads. Low-flow showerheads reduce water consumption without sacrificing water pressure, lowering utility costs and promoting water conservation.
• Install ceiling fans. Ceiling fans circulate air efficiently, reducing reliance on air conditioning in warmer months and helping to evenly distribute heated air in cooler months.
• Install solar panels. Using renewable energy from the sun to generate electricity reduces reliance on grid power and potentially lowers overall energy costs for the property.

For renters, understanding the charges on your utility bill can increase your awareness of monthly consumption patterns, showing you areas to cut back in. Big or small, implementing sustainable habits into your routine can add up to a significant environmental impact while also saving you money.

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Sources: 

1: Tips For Renters and Rental Property Owners | Department of Energy
2: Easy Ways For Renters to Save Energy and Trim Costs | Duke Energy
3: Tips to Lower Your Water Bill | Union City, Georgia